Civic Intelligence

Rfsw Endowment Inc.

990 • Fiscal year 2023 • EIN 85-1208107

Jan 01, 2023 to Dec 31, 2023 • Filed on Sep 30, 2024

PO Box 824189Dallas, TX 75382-4189

(214) 363-3911

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

5th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

5th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Net Margin

96th percentile

80%

Higher net margin than 96% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

89th percentile

$446,203

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 20.8% of source-year revenue.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Asset Growth

84th percentile

30%

Faster asset growth than 84% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

97th percentile

318%

Faster revenue growth than 97% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Assets

Up

$11,732,098

Up $2,683,664 (+30%) from 2022

Net Assets

Up

$11,732,098

Up $2,683,664 (+30%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue

Up

$2,143,331

Up $1,630,914 (+318%) from 2022

Expenses

Up

$435,795

Up $4,614 (+1.1%) from 2022

Net Income

Up

$1,707,536

Up $1,626,300 (+2002%) from 2022

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$15M$10M$5.0M$0Assets 2021: $11,077,911Liabilities 2021: $0Net Assets 2021: $11,077,9112021Assets 2022: $9,048,434Liabilities 2022: $0Net Assets 2022: $9,048,4342022Assets 2023: $11,732,098Liabilities 2023: $0Net Assets 2023: $11,732,0982023Assets 2024: $13,223,178Liabilities 2024: $0Net Assets 2024: $13,223,1782024

Highlighted filing

2023

Assets$11,732,098
Liabilities$0
Net Assets$11,732,098

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$15M$10M$5.0M$0Revenue 2021: $11,488,973Expenses 2021: $429,842Net Income 2021: $11,059,1312021Revenue 2022: $512,417Expenses 2022: $431,181Net Income 2022: $81,2362022Revenue 2023: $2,143,331Expenses 2023: $435,795Net Income 2023: $1,707,5362023Revenue 2024: $1,866,021Expenses 2024: $751,473Net Income 2024: $1,114,5482024

Highlighted filing

2023

Revenue$2,143,331
Expenses$435,795
Net Income$1,707,536
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Sep 30, 2024
Return Version
2023v5.1
Gross Receipts
$8,703,462
Mission and Program Overview

Mission

To support and benefit retina foundation of the southwest

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$8,784,354$11,623,589▲ $2,839,235
Savings and Temporary Cash Investments$264,080$108,509▼ $155,571
Total Assets$9,048,434$11,732,098▲ $2,683,664
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets With Donor Restrictions$6,464,614$8,112,594▲ $1,647,980
Net Assets Without Donor Restrictions$2,583,820$3,619,504▲ $1,035,684
Total Net Assets Fund Balance$9,048,434$11,732,098▲ $2,683,664
Total Liabilities and Net Assets / Fund Balance$9,048,434$11,732,098▲ $2,683,664

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$160,372--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$9,048,434$1,764,989▲ $1,354,470-$11,732,098
2022$11,077,911-▼ $1,598,296-$9,048,434
2021-$10,509,073▲ $998,680-$11,077,911
Compensation and Service Providers

Employees

NameTitleOtherTotal
Natalie GilbertSecretary and Treasurer$149,596$149,596

Board Members and Trustees

NameTitle
William HuttonChair
Karl CsakyPresident
Steve RogersVice Chair
Alex CenaDirector
Jeff YarckinDirector
Lou GrabowskyDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$1,764,989
Program Service Revenue
$0
Investment Income
$378,342
Other Revenue
$0
Change in Net Assets
$1,707,536

Audited Revenue Reconciliation

Revenue per Audited Statements
$378,342
Revenue Not Reported on Financial Statements
$1,764,989
Revenue Not Reported on Form 990
$976,128
Other Revenue Adjustments
$1,764,989
Total Revenue per Audited Statements
$1,354,470
Total Revenue per Form 990
$2,143,331
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$386,531
Other Expenses$49,264
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$386,531--$386,531
Fees for Service Investment Mgmnt Fees-$49,264-$49,264
Total Functional Expenses$386,531$49,264$0$435,795

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$435,795
Total Expenses per Audited Statements$435,795
Total Expenses per Form 990$435,795
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Retina Foundation of the SouthwestDallas, TX501(c)(3)To Support and Benefit Retina Foundation of the Southwest$386,531
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The form 990 is reviewed by board members before filing.

Form 990, Part VI, Section C, Line 19

This information is available upon request.

Filing and Contact Details

Filer

Filer Name
Rfsw Endowment Inc
EIN
85-1208107
Phone
2143633911
Address
PO BOX 824189, DALLAS, TX 75382-4189

Signing Officer

Name
Karl Csaky
Title
President
Phone
2143633911
Signed
2024-09-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Karl Csaky
Formed
2020
Legal Domicile
TX
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
5

Preparer

Firm
Weaver and Tidwell Llp
Address
2300 N FIELD ST STE 1000, DALLAS, TX 75201
Preparer
Sara Burkhart
Phone
9724901970
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

The process has not changed from the previous year.

Financial Statement Notes

PART X, LINE 2:

The endowment has been recognized by the internal revenue service as a nonprofit corporation exempt from federal income tax on its income, under section 501(c)(3) of the internal revenue code. The endowment follows the provisions of asc 740-10, income taxes, related to unrecognized tax positions. The endowment recognizes the tax benefits from uncertain positions only if it is more likely than not that the tax positions will be sustained on examination by the taxing authorities, based on the technical merits of the positions. The tax benefits recognized in the financial statements from such positions are measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. The endowment does not believe there are any material uncertain tax positions and accordingly, it will not recognize any liability for unrecognized tax benefits. For the years ended december 31, 2023 and 2022, there were no interest or penalties recorded or included in the financial statements. The endowment is relying on its tax-exempt status and its adherence to all applicable laws and regulations to preserve that status. However, the conclusions regarding accounting for uncertainty in income taxes will be subject to review and may be adjusted at a later date based on factors including, but not limited to, ongoing analysis of tax laws, regulations, and interpretations thereof. The endowment's information returns are generally subject to examination for three years after the later of the due date or date of filing. The first year the endowment filed an informational return will be the year of its inception, 2021.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Contribution from retina foundation of the southwest 1,764,989.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ENDOWMENT HAS BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE AS A NONPROFIT CORPORATION EXEMPT FROM FEDERAL INCOME TAX ON ITS INCOME, UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE ENDOWMENT FOLLOWS THE PROVISIONS OF ASC 740-10, INCOME TAXES, RELATED TO UNRECOGNIZED TAX POSITIONS. THE ENDOWMENT RECOGNIZES THE TAX BENEFITS FROM UNCERTAIN POSITIONS ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITIONS WILL BE SUSTAINED ON EXAMINATION BY THE TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITIONS. THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH POSITIONS ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE ENDOWMENT DOES NOT BELIEVE THERE ARE ANY MATERIAL UNCERTAIN TAX POSITIONS AND ACCORDINGLY, IT WILL NOT RECOGNIZE ANY LIABILITY FOR UNRECOGNIZED TAX BENEFITS. FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022, THERE WERE NO INTEREST OR PENALTIES RECORDED OR INCLUDED IN THE FINANCIAL STATEMENTS. THE ENDOWMENT IS RELYING ON ITS TAX-EXEMPT STATUS AND ITS ADHERENCE TO ALL APPLICABLE LAWS AND REGULATIONS TO PRESERVE THAT STATUS. HOWEVER, THE CONCLUSIONS REGARDING ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES WILL BE SUBJECT TO REVIEW AND MAY BE ADJUSTED AT A LATER DATE BASED ON FACTORS INCLUDING, BUT NOT LIMITED TO, ONGOING ANALYSIS OF TAX LAWS, REGULATIONS, AND INTERPRETATIONS THEREOF. THE ENDOWMENT'S INFORMATION RETURNS ARE GENERALLY SUBJECT TO EXAMINATION FOR THREE YEARS AFTER THE LATER OF THE DUE DATE OR DATE OF FILING. THE FIRST YEAR THE ENDOWMENT FILED AN INFORMATIONAL RETURN WILL BE THE YEAR OF ITS INCEPTION, 2021.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1CONTRIBUTION FROM RETINA FOUNDATION OF THE SOUTHWEST 1,764,989.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.08563
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueSecuritiesAmt011623589
IRS990ScheduleD/TotalExpensesPerForm990Amt0435795
IRS990ScheduleD/TotalRevenuePerForm990Amt02143331
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01354470
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0435795
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/RecipientTable/CashGrantAmt0386531
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0TO SUPPORT AND BENEFIT RETINA FOUNDATION OF THE SOUTHWEST
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0RETINA FOUNDATION OF THE SOUTHWEST
IRS990ScheduleI/RecipientTable/RecipientEIN0510151514
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0PO BOX 824189
IRS990ScheduleI/RecipientTable/USAddress/CityNm0DALLAS
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0TX
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd0753824189
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0360467
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt016500
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt0236
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt069000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0KARL CSAKY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0446203
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 IS REVIEWED BY BOARD MEMBERS BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THIS INFORMATION IS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE PROCESS HAS NOT CHANGED FROM THE PREVIOUS YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART XII, LINE 2C
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd01
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd01
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0RETINA FOUNDATION OF THE SOUTHWEST
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0510151514
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0TX
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0PREVENT VISION LOSS & RESTORE SIGHT THROUGH INNOVATIVE RESEARCH & TREATMENT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0PO BOX 824189
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0DALLAS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0TX
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd0753824189
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd01
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0386531
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt11764989
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0CASH
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1CASH
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0RETINA FOUNDATION OF THE SOUTHWEST
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1RETINA FOUNDATION OF THE SOUTHWEST
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0B
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1C
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt09048434
IRS990/TotalAssetsEOYAmt011732098
IRS990/TotalAssetsGrp/BOYAmt09048434
IRS990/TotalAssetsGrp/EOYAmt011732098
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalContributionsAmt01764989
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt049264
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0386531
IRS990/TotalFunctionalExpensesGrp/TotalAmt0435795
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt09048434
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt011732098
IRS990/TotalOtherCompensationAmt032820
IRS990/TotalProgramServiceExpensesAmt0386531
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0378342
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02143331
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt09048434
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt011732098

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